The Saudi Insurance Authority will be organising a global insurance conference and exhibition in Diriyah from 10-12 November 2025.
Saudi Arabia and Bermuda will collaborate to build on the kingdom's financial services industry particularly in insurance.
Saudi Reinsurance Company's (Saudi Re) reinsurance revenues surged by 45.27% year-on-year (YoY) to SAR1.19bn ($317.3m) in the first nine months of this year (9M2025) from SAR824.15m in 3Q2024.
Al Sagr Cooperative Insurance has announced the Board of Directors' resolution issued on 24 September 2025, approving the appointment of Mrs Dalal Abdullah Ibrahim Burhan as CEO, according to news platform, Saudi Exchange.
The Saudi Stock Exchange (Tadawul) has announced the suspension of trading in Buruj Insurance Company (Buruj) shares, pending the commencement of procedures to delist the stock permanently, following the merger of Buruj with the Mediterranean and Gulf Insurance and Reinsurance Cooperative Company (MedGulf).
The Ministry of Commerce has warned retailers, car dealerships, and all entities against offering "extended warranty" products without obtaining a licence from the Insurance Authority.
Saudi Reinsurance Company (Saudi Re) has announced that its shareholders have approved an increase in the company's capital to SAR1.698bn ($452.8m) from SAR1.158bn, the reinsurer said in a statement.
The insurance sector in Saudi Arabia continues to expand rapidly, with consolidation among smaller players potentially enhancing the sector's resilience, according to a new report by S&P Global Ratings (S&P).
The Saudi Authority for Accredited Valuers (Taqeem) has announced the launch of the "Marjea" Vehicle Price Reference Platform -- a unified national digital platform that provides individuals, insurance companies, government entities and financing institutions, with indicative vehicle prices that reflect changes in the market.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a facultative reinsurance agreement with Takaful Libya.